Currently at 6% cap rate, 100% occupied for the last 25 years. Excellent rental and income history with potential room for reasonable rent increases. The 13 apartments sit on two parcels with over 13, 808.52 sq. Ft. With seventeen marked parking spaces. Located on a major bus line, close to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could possibly be redeveloped to increase height and number of units. Parcel one APN 010-551-29 is 7, 797.24 sq. Ft. Parcel two APN 010-551-30 is 6, 011 sq. Ft.